Plaintiffs Say Securities Class Action Complaint Shows False Statements Made

(June 3, 2021, 9:05 AM EDT) -- CAMDEN, N.J. — A motion to dismiss filed by a reinsurer and former officers in a securities class action pending in New Jersey federal court must be denied because the complaint adequately shows that the defendants made false and misleading statements when they failed to disclose adverse historical loss results, the plaintiffs contend in a May 24 supplemental brief in opposition to the motion to dismiss....